Sequoia Financial Advisors LLC Has $1.80 Million Holdings in Loews Corporation $L

Sequoia Financial Advisors LLC grew its stake in Loews Corporation (NYSE:L) by 39.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,076 shares of the insurance provider’s stock after buying an additional 4,826 shares during the period. Sequoia Financial Advisors LLC’s holdings in Loews were worth $1,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Danske Bank A S acquired a new stake in shares of Loews in the third quarter worth $35,724,000. Dark Forest Capital Management LP raised its stake in shares of Loews by 582.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 221,212 shares of the insurance provider’s stock valued at $22,207,000 after buying an additional 188,812 shares in the last quarter. Amundi raised its stake in shares of Loews by 41.6% in the 3rd quarter. Amundi now owns 610,657 shares of the insurance provider’s stock valued at $62,513,000 after buying an additional 179,383 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Loews by 5,379.4% in the 4th quarter. SG Americas Securities LLC now owns 165,807 shares of the insurance provider’s stock valued at $17,461,000 after buying an additional 162,781 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Loews by 43.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 446,639 shares of the insurance provider’s stock valued at $44,492,000 after buying an additional 134,777 shares in the last quarter. Institutional investors and hedge funds own 58.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (a-)” rating on shares of Loews in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Loews presently has a consensus rating of “Strong Buy”.

Loews Trading Down 0.8%

Shares of L opened at $103.64 on Tuesday. Loews Corporation has a 1 year low of $86.77 and a 1 year high of $114.90. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $108.67 and a 200-day simple moving average of $106.34. The stock has a market cap of $21.33 billion, a PE ratio of 13.17 and a beta of 0.56.

Loews (NYSE:L) last issued its earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter. The business had revenue of $4.56 billion during the quarter. Loews had a return on equity of 8.51% and a net margin of 8.83%.

Insider Activity

In related news, Director Andrew H. Tisch sold 50,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $108.81, for a total transaction of $5,440,500.00. Following the completion of the sale, the director owned 12,480,400 shares in the company, valued at $1,357,992,324. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 19.00% of the stock is owned by company insiders.

About Loews

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.